Rising competition among manufacturers as well as rising concerns about the environment is encouraging manufacturers to develop sterile medical packaging, which is cost-effective, requires fewer resources, and provides better microbial protection, further supporting the growth of the sterile medical packaging market.

The segmentation considered for this report is based on material, type, sterilization method, application, and region. On the basis of material, plastic accounted for the largest market share in 2014. The thermoform tray segment accounted for the largest market share, among all types of sterile medical packaging, in terms of value, while pre-filled syringes dominated the market in terms of volume.

The application segment was dominated by the pharmaceutical & biological segment. The final segment, that is, region, consists of North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The base year considered for the study is 2014 and the market size is projected from 2015 to 2020.

Intense competition in the market has led to new product launches, mergers & acquisitions, and partnerships & expansions by market players to retain their market share. Mergers & acquisitions accounted for the largest share of all developments by key players in this market between 2011 and 2015.